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Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -1.5 . The marginal cost of producing the
Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -1.5 . The marginal cost of producing the product is constant at $75, while average total cost at current production levels is $200 Determine your optimal per unit price if. Instructions: Enter your responses rounded to two decimal places. a. you are a monopolist. $ b. you compete against one other firm in a Cournot oligopoly. C. you compete against 19 other firms in a Cournot oligopoly
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